Zaza Energy Corp. (ZAZA)

[Timothy Smith]

ZaZa Energy (NASDAQ:ZAZA) discloses that it still has not made the required interest payment on its 9% convertible senior notes due 2017; as of Aug. 31, there was $42.1M, including accrued and unpaid interest, outstanding under the convertible senior notes.

Earlier today, ZAZA disclosed that it has appealed Nasdaq's recent delisting determination, delaying a suspension of its shares that would have taken effect Sept. 4; a hearing is scheduled for Oct. 1.